News
Core CPI at 0.3% for Third Consecutive Month
Core Consumer Price Index (CPI) rose 0.3% for a third consecutive month in October, matching the level Federal Reserve Governor Christopher Waller had associated with considering a 50-basis-point December interest-rate hike. The Bureau of Labor Statistics reported that headline inflation slowed in October, but core prices rose 0.3%, matching the level of the previous two months. Food and energy prices continued to increase, with energy prices rising 0.7% and food prices increasing 0.5%. Shelter, which accounted for more than 30% of the monthly headline increase, rose 0.3%.